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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

LNG
16-10-2020

Siemens Energy Scores a Deal in the Mozambique LNG Project
A joint venture between Saipem and McDermott has selected Siemens Energy to supply emissions-reducing power generation equipment and boil-off gas compressors for the Mozambique LNG project.
Oil Price
16-10-2020

OPEC+ Will Ensure Oil Prices do not Plunge Again, Says OPEC Chief
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thursday.
Oil Field
15-10-2020

Petronas Considers Exiting Gharraf Oil Field in Iraq
The collapse in oil prices this year has prompted Malaysia's state-owned Petronas to consider exiting the Gharraf oil field in southern Iraq, chief executive Tengku Muhammad Taufik Tengku Aziz told the Energy Intelligence Forum today.
Oil & Gas Trade
15-10-2020

Kazakhstan Exports 52.2 Million Tonnes of Oil in First 9 Months
For 9 months of this year, Kazakhstan produced 64.7 million tonnes of oil and condensate, which is 0.5% higher than the planned figure.
Oil Field
15-10-2020

Tulip Oil Halves Gas Production from North Sea Field
Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year when compared to the previous quarter due to a temporary shut-in and lower prices.
LNG
15-10-2020

Bangladesh to Increase Spot LNG Imports Because of Rising Demand
Bangladesh is expected to double its imports of liquefied natural gas from the spot market starting in December as demand rises and to capitalise on low prices of the super-chilled fuel.
Oil & Gas Trade
15-10-2020

OPEC+ to Stick with Plans to Ease Output Cuts, Says Russia's Novak
Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
Crude Oil
15-10-2020

IEA Says Refining Throughput Set for Quarterly Rise
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day, the International Energy Agency said on Wednesday.
Oil & Gas Trade
14-10-2020

China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand despite the pandemic.
Oil Price
14-10-2020

Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and because of the growing importance of environmental considerations in investing.
Oil Field
14-10-2020

Gazprom Makes ‘Substantial’ Gas Find in Kara Sea
Russian energy giant Gazprom has found another gas deposit at the Leningradskoye field in the Kara Sea which is part of the Yamal gas production centre.
Oil Price
13-10-2020

Oil Refining Companies Hit by Triple Whammy
South Korean oil refining companies face a triple whammy.
Market Analysis
13-10-2020

IEA: Natural Gas Demand To See Largest Drop Ever In 2020
Despite some uptick in consumption in recent months, the world’s demand for natural gas is still set to see its biggest drop on record in 2020.
Market Analysis
13-10-2020

Goldman Sachs: Biden Win Is Bullish For Oil
A Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices because it will increase costs for the shale patch and will likely result in a weaker U.S. dollar.
Oil Price
13-10-2020

The Next Couple Of Months Are Crucial For U.S. Oil
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.
Oil&Gas Drilling
13-10-2020

Hibiscus Petroleum Buys into 3D Oil License off Australia
Malaysia’s Hibiscus Petroleum has completed its 50 per cent acquisition of interest in the exploration permit VIC/P74 offshore Australia from 3D Oil.
Crude Oil
13-10-2020

Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's largest oil reserves.
Oil Field
13-10-2020

BP Starts Oman's Giant Ghazeer Gas Field
BP started production at Oman's giant Ghazeer natural gas field in Oman which is set to underpin the company's oil and gas output for years even as it shifts to renewables.
Oil Field
12-10-2020

Russian LUKOIL Proceeds with Filanovsky Field Phase Two Development
The second phase aims to keep oil production at the planned rate of 6 million tonnes a year.
Crude Oil
12-10-2020

Daily Crude Oil Production Hits over 718K Barrels in the Sultanate
The Sultanate’s daily crude oil production stood at 718,700 barrels during September 2020, a drop by 0.18 percent compared to the daily production in August 2020.
Market Analysis
12-10-2020

Argentina’s Oil Boom Is Showing Signs Of Life
After the devastating impact of the COVID-19 pandemic on its economy, there are signs that Argentina’s once burgeoning oil industry is coming back to life.
LNG
11-10-2020

POSCO Targets LNG Storage Market by Teaming up with ExxonMobil
POSCO has joined hands with ExxonMobil to make a foray into the liquefied natural gas (LNG) storage and fuel tank market.
Crude Oil
10-10-2020

OPEC: Oil Demand to Decline after Plateauing in Late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline.
Oil & Gas Trade
10-10-2020

China Set for Fresh Gasoline Export Splurge as Golden Week Ends
Gasoline exports from China, Asia's top petrol exporter, are set to stay elevated this month as mounting supplies from recent high crude oil processing runs prompt fuel sellers to offload cargoes abroad.
Crude Oil
09-10-2020

Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues to struggle amid a seemingly never-ending civil war.

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